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we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what president obama had to say about the potential battle looming in congress. >> markets could go haywire, interest rates would spike for anybody who borrows money. every homeowner with a mortgage, every student with a college loan, every small business own whole wants to grow and hire. >> jared, how does this play out? >> well, we're beginning to hear lots of sounds from republicans that we're in a compromising mode than we heard, say, a week ago. right now they're talking about perhaps an increase in the debt ceiling that lasts for a couple of months, that is offering that to the p
we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what...
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Jan 21, 2013
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i don't know how you do that. just expand the ceiling. just not going to pay the credit cards. we don't care. meanwhile, as the dead line approaches, there's a chance the tax refund could be at risk. joining me is the managing direct for wealth health financial planning. rich, great to have you on the show. here's the deal. so congress has enough money to go through february 15th, mid february, about the time everybody starts trying to get the tax refunds. they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as well as people who are actually lending the government money expecting a refund. gerri: if this gambit from the republicans does not work, are some at risk after not getting the refund? >> anything's possible. look, at the end of the day, if the ceiling is not raised and restrict expenses somewhere, refunds could be down th
i don't know how you do that. just expand the ceiling. just not going to pay the credit cards. we don't care. meanwhile, as the dead line approaches, there's a chance the tax refund could be at risk. joining me is the managing direct for wealth health financial planning. rich, great to have you on the show. here's the deal. so congress has enough money to go through february 15th, mid february, about the time everybody starts trying to get the tax refunds. they file taxes. now, i know you are...
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ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people that elected us. in return, you guys, senate democrats come up with a budget and you haven't passed one in 1300 some days. chuck schumer says i'll make a deal and take you up on the offer guess what, in the new budget we're going to tax more, tax all you people to agreed to the deal that they just came to january 1st, that deal is done we'll keep that and give another, another bite of at that apple. stuart: this is a financial issue. it's a budget issue, so they need a straight up or down vote in the senate and the democrats have a majority in the senate, but i'll put it to you, a couple of democrats there, who are going to say we're not all for more and more and more taxes because we know what it's going to do to the economy. it's not a done deal, is it? they're pushing for it, but it ain't done. >> listen, harry reid, remember when john boehner was going to bring the vote to the house and he didn't have the votes after he'd said i'm going to bring the vote to the house. i have a sus
ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people that elected us. in return, you guys, senate democrats come up with a budget and you haven't passed one in 1300 some days. chuck schumer says i'll make a deal and take you up on the offer guess what, in the new budget we're going to tax more, tax all you people to agreed to the deal that they just came to january 1st, that deal is done we'll keep that and give another, another bite of at that...
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this is republicans pushing back the debt ceiling for another few months. it would essentially be pushing it into may 2 sort of give more wiggle room to both sides to come up with either the spending cuts and/or tax increases. again, this constant kicking the can down the road does not necessarily get the rating agencies off your high needs. as this president, a couple of hours from now, start reviewing a parade in front of them, people will likely be seeing a parade of wall streeter's in very few hours wondering when the specifics will be coming. you are looking at bill clinton and his wife hillary. they will, of course, be part of this luncheon as well. jimmy carter is there. the two bush presidents are not, senior and junior, did not make this event today. that is not an on nominally, it is not all custom for them to come. then, again, a late 2 million americans crowded this mall four years ago. far less than half doing so this go round. i would not read any significance into that. if rich edson is still with us, if you watch this, this latest overture b
this is republicans pushing back the debt ceiling for another few months. it would essentially be pushing it into may 2 sort of give more wiggle room to both sides to come up with either the spending cuts and/or tax increases. again, this constant kicking the can down the road does not necessarily get the rating agencies off your high needs. as this president, a couple of hours from now, start reviewing a parade in front of them, people will likely be seeing a parade of wall streeter's in very...
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gerri: what do you think? should they use the debt ceiling? >> ultimately, short. two tools that are very real and very powerful coming up. obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate has not done and to force them to act but that. gerri: you sure can't act -- argue with that. the senate has not passed a budget and 1,361 days. let me get a comment. it would stop pay to members of congress if they don't do some of these things, if they don't get a budget resolution. you in favor of that? >> i think it's a good i
gerri: what do you think? should they use the debt ceiling? >> ultimately, short. two tools that are very real and very powerful coming up. obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty...
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goes on in retreat announces essentially he will retreat on the debt ceiling issue. so what issue will they draw the line in the sand on, do you think? >> the sequestration on march 1, president obama doesn't get serious about spending and entitlement reform, ashley. $85 billion will be cut out of next year's budget that will be extraordinarily bad for the department of defense the worst people on medicare, etc. the president keeps talking and not acting, the consequences are going to get every single american. the march 1 deadline is a good deadline. ashley: to the republicans caved because they realized they couldn't win that battle? >> yes. they heard from their constituents and people generally reported, supportive of candidates, saying generally there is no way you can't raise the debt ceiling because it is a risk and if republicans want to keep playing this, they would have to rally against them, would have tanked and taken the blame. ashley: didn't the g.o.p. have a good point? what does that say to the hard-working taxpayers? >> that same interview you showed
goes on in retreat announces essentially he will retreat on the debt ceiling issue. so what issue will they draw the line in the sand on, do you think? >> the sequestration on march 1, president obama doesn't get serious about spending and entitlement reform, ashley. $85 billion will be cut out of next year's budget that will be extraordinarily bad for the department of defense the worst people on medicare, etc. the president keeps talking and not acting, the consequences are going to get...
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Jan 21, 2013
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ceiling. that is part of it. the democrats feel they have the political advantage. i think what we saw today was the president giving and not to republicans say we have to do something to rein in the deficit but quickly coming back and saying, we are not plan to undermine such as security, medicare, medicaid. politically he is in an advantageous posture with regard to the major entitlement programs. melissa: that all sounds true. the problem is the origin of all of this debt are those entitlement programs. if we don't get them under control we are looking at the national debt when the president took office. it is now 16. that is the 60 percent increase over that time frame. i mean, without tackling those entitlements, i don't know how you get that crazy balloon under control. >> in the president's continues to have an interest in spending, taxing, and that think the reason they have the momentum is that the gop for all intents and purposes has given up the moral high ground. the biggest moment
ceiling. that is part of it. the democrats feel they have the political advantage. i think what we saw today was the president giving and not to republicans say we have to do something to rein in the deficit but quickly coming back and saying, we are not plan to undermine such as security, medicare, medicaid. politically he is in an advantageous posture with regard to the major entitlement programs. melissa: that all sounds true. the problem is the origin of all of this debt are those...
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was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on the arm and say, please do something about the debt and deficit. we're bankrupting the country. that's what the american people are looking for. and to date, politicians have both parties have been unwilling to take even a tiny step in the right direction. we've got to fix the problem. >> the senate has to pass a budget. do you believe that? >> i do. >> why has it been four years since you've done that? >> well, let me answer this. this was a major victory for the president. the republicans have now twice lost out on fiscal issues in the last month. first fiscal cliff and now this. and i think they are losing ground on fiscal issues. on the debt ceiling, it made no sense
was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on the arm and say, please do something about the debt and deficit. we're bankrupting the...
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the debt ceiling, obviously. three months is not a long period if that is the extension. i don't think it should be part of the negotiation. reagan actually raised it 17 times. the sequestration would be negative. >>neil: did you feel that way when every democratic including then senator obama voted against it? >> i would have told him he was wrong. i think it should not be part of negotiation. >>neil: you do not like the extension because it doesn't address it? >> three months doesn't do anything. >>neil: how will wall street be in the remaining weeks? >> nervous about the debt ceiling and sequestration that hurtd g.d.p. and the fiscal deal. again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking
the debt ceiling, obviously. three months is not a long period if that is the extension. i don't think it should be part of the negotiation. reagan actually raised it 17 times. the sequestration would be negative. >>neil: did you feel that way when every democratic including then senator obama voted against it? >> i would have told him he was wrong. i think it should not be part of negotiation. >>neil: you do not like the extension because it doesn't address it? >> three...
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ceiling. >> if you do talk to republicans, they'll tell you this is a president, very confident from his re-election. some might use the word cocky, and that he has become more partisan and more hard nosed. would you agree with that sae assessment? >> and is it by necessity or choice? >> no, i think he's become -- he's practical. and if the other side is going to take a position that they're going to oppose you on every initiative, you have to seek national support. in a democracy, people push policy forward not the politicians and so that's a lesson that he has drawn from the first term. that said, as far as i can -- as i know, and as i know him, his door is always open to people who are willing to work together to solve problems and one hopes in the next four years there will be a spirit of cooperation. understand we're never going to agree on anything. that's why we have two parties. in order to move the country forward we have to move together. >> david axelrod, always good to see you. >> good to see you, savannah. >> i know you'll be watching. we will have more on the second ina
ceiling. >> if you do talk to republicans, they'll tell you this is a president, very confident from his re-election. some might use the word cocky, and that he has become more partisan and more hard nosed. would you agree with that sae assessment? >> and is it by necessity or choice? >> no, i think he's become -- he's practical. and if the other side is going to take a position that they're going to oppose you on every initiative, you have to seek national support. in a...
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i came here to cut spending and i'm not raising the debt ceiling until you cut it. these are fights on both sides where the participants were sent here to do totally separate things. shepard: welcome to washington. the president spoke a lot we the people today. very few uses of word i. a lot of uses of collective we. we are on the national maul, as is our main man on campaigns, carl cameron. happy inauguration day. what happened with the folks? >> thanks very much. they're beginning to depart obviously, generally without incident. a great crowd, yet to have estimates. probably somewhere between 5 and 700,000. much smaller than four years ago. second innagurals tend to be less than enthusiastic. there was no shortage of aspirational rhetoric from the president and the poet that spoke. clearly the crowd loved it. there are big obama fans here. it was not meant to be a partisan event and part of the peaceful transition to power as outlined a few centuries ago. yet what the president said has republican and conservative lips wagging this morning, tongues wagging worried
i came here to cut spending and i'm not raising the debt ceiling until you cut it. these are fights on both sides where the participants were sent here to do totally separate things. shepard: welcome to washington. the president spoke a lot we the people today. very few uses of word i. a lot of uses of collective we. we are on the national maul, as is our main man on campaigns, carl cameron. happy inauguration day. what happened with the folks? >> thanks very much. they're beginning to...
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be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature issues. and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get another bite of the apple three months from now to try
be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature...
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and then with the debt ceiling, same thing. i do think there's some evidence that republicans are saying, you know, in part for public image reasons but maybe in part because of good economic reasons, we can't keep whacking away at the economy like this to please our base we ha. >> it's not about the two parties necessarily shifting their philosophical positions or moving together but more of a practical decision by the house leadership to recognize the limits on what they can accomplish with the majority in the house and the limits in terms of the public support for their position. you know, one of the things, chuck, the president used the campaign to do was to try to lay out in front of the public the competing visions for approaches to economic growth and deficit reduction. he feels like he's been vindicated, and i think republicans in the votes that jared was just talking about str recognized he has a point. >> yeah, but, john, it all boils down to there's a very different vision when you're talking about a government that
and then with the debt ceiling, same thing. i do think there's some evidence that republicans are saying, you know, in part for public image reasons but maybe in part because of good economic reasons, we can't keep whacking away at the economy like this to please our base we ha. >> it's not about the two parties necessarily shifting their philosophical positions or moving together but more of a practical decision by the house leadership to recognize the limits on what they can accomplish...
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there is no reason we should have things like the debt ceiling as leverage to get used to do what i want to do. i just do not think the way that congress has been handling basic policies. you know what you learned on the school yard, sharing is caring. compromise. i am sorry. sometimes i get lost for words. i get so frustrated. host: we will get a response. thank you for the call. guest: it is funny, i was out braving the crowds. it was cold, but the plan not as bad as four years ago. talking with some of the people that had come very far away, that was the number one thing that attendees on inauguration day mentioned, they would like to see some kind of cooperation, something they have not seen for the past two or three years. one woman said she a taken the train all the way from california to washington. it took her three days because she is not able to fly. the number one thing is she said she wants to see them cooperate, particularly on the issue of guns. the process does not look too good at the moment. guest: i think that is the good news from some of the posturing we have seen by
there is no reason we should have things like the debt ceiling as leverage to get used to do what i want to do. i just do not think the way that congress has been handling basic policies. you know what you learned on the school yard, sharing is caring. compromise. i am sorry. sometimes i get lost for words. i get so frustrated. host: we will get a response. thank you for the call. guest: it is funny, i was out braving the crowds. it was cold, but the plan not as bad as four years ago. talking...
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we going to do about raising the debt ceiling. the republicans decided earlier today that they will do that and they're going to introduce legislation to do it on wednesday. we got a few more details now. they will extend the debt ceiling to may 19, to go to may 19. but if congress does not get a budget done by april 15, i believe it is, then congress' salary will be held in abeyance. in other words, they won't get paid unless they can agree on a budget. so there's a lot of politics in this but i think this would be seen as a good sign that maybe they are going to at least get past this which would have been just a destructive and largely a waste of time when they should be getting on to other things and make the arguments about what we're going to spend the money on, not whether we pay the bills for things we've already purchased. so i think this is probably the best news we've heard today. >> pelley: the president met with the republican leadership at the white house today before he came up there. looks like there's a lot of eff
we going to do about raising the debt ceiling. the republicans decided earlier today that they will do that and they're going to introduce legislation to do it on wednesday. we got a few more details now. they will extend the debt ceiling to may 19, to go to may 19. but if congress does not get a budget done by april 15, i believe it is, then congress' salary will be held in abeyance. in other words, they won't get paid unless they can agree on a budget. so there's a lot of politics in this but...
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one example the debt creel and controlli -- debt ceiling and what americans describe as out of control spending. what do key republicans take with the attitude toward congress at this point? >> to get real solutions president obama needs to understand what will pass in the republican led house. it will also be acceptable to him. lawmakers tend to be unhappy when the president goes around them. they called on mr. obama to do better. >> he speaks in general terms likes the executive order approach a whole lot better than the legislative approach. you can't get all that foreign with executive order. you have to legislate and you have to legislate realistically. you have to realize you don't control the entire congress. >> republicans don't like that the president is converting his campaign apparatus into a purpose that helped him in his second term. they are thinking that is probably not a good sign in working in a bipartisan fashion. >> one area where they do not agree at all is over the budget. it>> it has been a source of problems when they work on critical issues and budget is a key c
one example the debt creel and controlli -- debt ceiling and what americans describe as out of control spending. what do key republicans take with the attitude toward congress at this point? >> to get real solutions president obama needs to understand what will pass in the republican led house. it will also be acceptable to him. lawmakers tend to be unhappy when the president goes around them. they called on mr. obama to do better. >> he speaks in general terms likes the executive...
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ceiling but for a lot of other important pieces of legislation they've been called the do nothing congress of course there was that funny about kind of sad poll about public policy a poll that found their approval rating is worse than cockroaches and root canals and you know i actually spoke to congresswoman eleanor holmes norton and a couple months ago when all this was kind of going on. kind of like. the crunch time of the campaign sees that and of course she's been through. several terms or she's worked there were a lot of congresses and she says that this one is by far the worst here's what she had to say. i said on the house floor show me one. bill for which this congress will be remembered. no one no one followed me to give me an example so it's not only a do nothing congress it's a congress that is has been i think the worst congress since the civil war whereas con in congress she says since the civil war so they can work together how has that affected their ability to get anything done in the first term and will that change in the second term when we have this same composition well
ceiling but for a lot of other important pieces of legislation they've been called the do nothing congress of course there was that funny about kind of sad poll about public policy a poll that found their approval rating is worse than cockroaches and root canals and you know i actually spoke to congresswoman eleanor holmes norton and a couple months ago when all this was kind of going on. kind of like. the crunch time of the campaign sees that and of course she's been through. several terms or...
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the infrastructure, you know, spending that we should do, and forget about the debt ceiling guess what we could go to work and have about 3% unemployment. how does that affect sound? >> bill: i don't know. it sounds to me like you ought to run the next time around. you've got it down. absolutely. >> that's good program, a good plan. if president obama follows that plan. >> have a good time tonight, be careful, bill. >> all right ike. we will have to be more careful than last time we were in charleston south carolina. >> uh-huh. >> good to hear. >> he is on top of it. >> he knows what he is talking about. >> one of the few people in south carolina. >> we ought to send him over to see lindsey graham. ann calling from irvington, new jersey. >> good morning, bill. how are you >> bill: good. >> caller: nice to see you. listen, i want the president to stand firm and keep up the good work and hopefully everything will be good for him in his second term, but especially immigration reform and gun control. he cannot let the republicans make him, you know -- he has to be firm. >> yeah. >> or it w
the infrastructure, you know, spending that we should do, and forget about the debt ceiling guess what we could go to work and have about 3% unemployment. how does that affect sound? >> bill: i don't know. it sounds to me like you ought to run the next time around. you've got it down. absolutely. >> that's good program, a good plan. if president obama follows that plan. >> have a good time tonight, be careful, bill. >> all right ike. we will have to be more careful than...
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. >> more on the debt ceiling debate. >> america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. >> america has a debt problem and a failure of leadership. americans deserve better, and therefore intend to oppose the effort to increase america's debt limit. senator barack obama, march 16, 2006. >> it is not good for obama. he was also -- he also knew that his vote would not make a difference. >> come on. he said what he said pier do not cover for him. >> people do different things at different times. >> there is a deeply depressing column by david brooks in "the new york times" that says the era of the grand bargain, as he calls it, is over. there was a feeling over the past couple of years that both sides would cut taxes and raise entitlements and get a grand bargain. that seemed to be a lost opportunity. obama seems to be moving away from it, congress
. >> more on the debt ceiling debate. >> america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. >> america has a debt problem and a failure of leadership. americans deserve better, and therefore intend to oppose the effort to increase...
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we don't have a debt ceiling is my contention because every time we run against it, we increase it. so what we have to do is take time out. this government is twice the size it was 11 years ago. there's a lot of great things the government does. a lot of great things the government does not within the enumerated powers, but the first thing before we touch either of those two things, let's get rid of this stuff that doesn't work. and say to the american people, we flipped the last 30 years in this country off of the next 30. all of us are going to have to participate in paying to get out of this hole if in fact you care about your children. i had this experience in oklahoma city town hall meeting. try care for retired military was put in 1995. everybody before that, when they recruit in the military was told you cannot health care when you retire the space available basis at a military hospital. i've not heard that from hardly anybody that is written to me that retired before 1995. they promised me health care for the rest of my life. pedestal as promised. since 1995, only have we st
we don't have a debt ceiling is my contention because every time we run against it, we increase it. so what we have to do is take time out. this government is twice the size it was 11 years ago. there's a lot of great things the government does. a lot of great things the government does not within the enumerated powers, but the first thing before we touch either of those two things, let's get rid of this stuff that doesn't work. and say to the american people, we flipped the last 30 years in...
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seems to be working for the debt ceiling debate. expect every major issue in the coming months and years to be a major campaign style event. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him to act on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks
seems to be working for the debt ceiling debate. expect every major issue in the coming months and years to be a major campaign style event. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on...
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seems to be working for the debt ceiling debate.at expect every major issue in the coming months and years to be a major campaign style eve. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him toct on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks. taliban claim responsibility. it is feared there cou
seems to be working for the debt ceiling debate.at expect every major issue in the coming months and years to be a major campaign style eve. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on...
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not only is there no agreement, but the democrats now are saying, listen, forget the debt ceiling. let's get rid of that silly little thing. but do we actually need a budget? >> so we're learning that we may finally get a budget for the first time in what, three years? significant, though, because these are just templates. >> i great, they are templates. but letting go at a time when the debt is compounding is worrying. however, having said that, you can get worried about that as a market participant, but as long as the federal reserve has open ended quantitative easing, nothing is going to happen from the long end. >> from a market point of view, we were talking about allen capper about this last hour. but from a market point of view, the best outcome is something that lowers the long-term debt outcome. but we keep get ago worsening of the long-term debt profile and a hit to the near term. that is a mix that markets understandably don't like. >> and as long as the fed is funding the federal authority so cheaply, what's their incentive to fix anything? they don't care about the lon
not only is there no agreement, but the democrats now are saying, listen, forget the debt ceiling. let's get rid of that silly little thing. but do we actually need a budget? >> so we're learning that we may finally get a budget for the first time in what, three years? significant, though, because these are just templates. >> i great, they are templates. but letting go at a time when the debt is compounding is worrying. however, having said that, you can get worried about that as a...
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ceiling itself, they all become moments to talk about spending sequestration, is -- we need to stop spending, we need to reduce spending, but, it would be better if we could figure out how to do that in a targeted away or and across-the-board way and the worst way to have spending cuts, we can't decide how to cut anything and we'll cut everything a little bit and that is not the right thing to do and hopefully, we can find a better solution to sequestration, in the arm services committee and other places. >> chris: let's talk about another item on the agenda. you have an a-rating from the national rifle association and this week you accused the president of trying to -- wanting to try to take away our constitutional right when it comes to the right to bear arms and mr. obama says that he is protecting other rights. take a look: >> president barack obama: that most fundamental set of rights to life and liberty and the pursuit of happiness, fundamental rights that were denied to college students at virginia tech. and high school students at columbine and elementary school students in
ceiling itself, they all become moments to talk about spending sequestration, is -- we need to stop spending, we need to reduce spending, but, it would be better if we could figure out how to do that in a targeted away or and across-the-board way and the worst way to have spending cuts, we can't decide how to cut anything and we'll cut everything a little bit and that is not the right thing to do and hopefully, we can find a better solution to sequestration, in the arm services committee and...
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the republicans determination to shut down government, to let the debt ceiling hang out, to risk a loss of credit, are they still on that same front? >> i think they are seeing the handwriting on the wall. when you look at these bipartisan votes, you have paul ryan voting for higher taxes. you have both ryan and rubio voting for immigration reform now. and i think you're going to see enough votes in the center to raise the debt ceiling without any kind of -- chris: are they jumping shark on this? >> i think so. i think the public is certainly sick of it. and i also think the business community doesn't want to hear anything about shutting down the government. chris: you're the expert. i real me mean this. people advise me on making financial decisions. they think the economy looks pretty good. don't mess it up. >> it does look pretty good, as best we can tell. the one thing to remember is it's not just the debt ceiling. it's these automatic cuts that are scheduled to take place march 16789 the debt ceiling isn't their only opportunity to try to get the president to agree to cuts. there a
the republicans determination to shut down government, to let the debt ceiling hang out, to risk a loss of credit, are they still on that same front? >> i think they are seeing the handwriting on the wall. when you look at these bipartisan votes, you have paul ryan voting for higher taxes. you have both ryan and rubio voting for immigration reform now. and i think you're going to see enough votes in the center to raise the debt ceiling without any kind of -- chris: are they jumping shark...
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it's not likely that they will be fighting in the future so we'll see if that unity actually how do you think having a have that same kind of message of unity back and you know back i don't know how much more united you could be across republican lines i mean you could talk a big game about you know bringing the country together but i mean here we have a president that really did pursue so many republican policies really adopting a lot of the bush administration foreign policy and surveillance domestic policy here so i mean when he's talking about over a country divided yeah i think it's more about class division class warfare instead of red versus blue that's just a dichotomous thing to say it's kind of divide and conquer i mean throughout the campaign we saw so much hateful rhetoric coming from both parties in these campaign advertisements and really dividing the country even more when really we're ignoring the bigger picture here which is the us versus them the ninety nine percent versus the one percent which i think is really where the division lies deeply in this case he didn't
it's not likely that they will be fighting in the future so we'll see if that unity actually how do you think having a have that same kind of message of unity back and you know back i don't know how much more united you could be across republican lines i mean you could talk a big game about you know bringing the country together but i mean here we have a president that really did pursue so many republican policies really adopting a lot of the bush administration foreign policy and surveillance...
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ceiling. republican senator roy blunt of missouri says president obama should study president lincoln. >> when hard things get done, they get done because a president decided he was going to do what was necessary to get them done and that means you got to realistically look at the world you live in and the washington you've been given by the american voters to work with. >> reporter: and that means a divided congress and another election season not far away. melanie alnwick, fox 5 news. >> let's bring in now fox 5 political analyst mark plotkin on this discussion about the inauguration and expand a little bit on some of the president's accomplishments and his challenges coming up his second term, mark. let's start with his accomplishments in the first four years. what would you say some of the biggest accomplishments the president made? >> you have to start with health insurance. that's when had he a democratic -- when he had a democratic house and senate. that was his chief legislative goal a
ceiling. republican senator roy blunt of missouri says president obama should study president lincoln. >> when hard things get done, they get done because a president decided he was going to do what was necessary to get them done and that means you got to realistically look at the world you live in and the washington you've been given by the american voters to work with. >> reporter: and that means a divided congress and another election season not far away. melanie alnwick, fox 5...
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they decided to get off the track of fighting him on raising the debt ceiling. they're still going to negotiate that path. they have to vote, look at the first daughter. reflect the public's desire. cut government spending to compromise while thinking ahead to their own political calendar and trying to push the president where they can, where they think it's appropriate. >> this is as decent a measure as how far we've come in four years ago any. everyone looking at the first daughters, saying how big they've grown in four years. >> they seemed like little girls four years ago and now they are young ladies. >> and notably out of the spotlight, which is just how their mother and dad want. sasha needed a box to stand on last time. no more. >> her older sister is strikingly tall. she moves around the corridors of school. >> and their grandmother, michelle obama's mother is there, also. we don't really get to see enough of her. >> as is her wish. everyone around me just says what a terrific president is around the white house. it makes it feel like home, makes it fee
they decided to get off the track of fighting him on raising the debt ceiling. they're still going to negotiate that path. they have to vote, look at the first daughter. reflect the public's desire. cut government spending to compromise while thinking ahead to their own political calendar and trying to push the president where they can, where they think it's appropriate. >> this is as decent a measure as how far we've come in four years ago any. everyone looking at the first daughters,...
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it was a smart move to put off the debt ceiling for three months and tell democrats we will do what no label said they will do. we will say pass a budget for the first time in four years, democrats. we will pass a budget and work together to try to solve the crisis. >> for almost seems like the hard thing, neither side wants to have to do. at some point, we will go off a cliff as a country and as a society. we have to do hard things in order to get the fiscal situation under control so that we don't pass down to our children a terrible economy and terrible future financially and also in terms of guns. other social issues. the issues related to the gun issue. mental health and violence in the media. we have to do this. both parties do not want to do the hard things. >> you make an interesting point. all have a cost whether it's a financial cost or emotional cost. it has a cost to the greater society and what the american people i think have been saying for about four or five years now, maybe you would agree with that. going back to the tail end of the bush years. that stood out in stark
it was a smart move to put off the debt ceiling for three months and tell democrats we will do what no label said they will do. we will say pass a budget for the first time in four years, democrats. we will pass a budget and work together to try to solve the crisis. >> for almost seems like the hard thing, neither side wants to have to do. at some point, we will go off a cliff as a country and as a society. we have to do hard things in order to get the fiscal situation under control so...
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is it possible to get immigration, gun control, the debt ceiling, really think about how you curb spending, et cetera, et cetera, et cetera, climate control, energy policy -- all done in that one to two-year window. >> i think that we will be able to do most, if not all of those things. and certainly attempt to do all of them. all of them are important issues. all of them are things the president cares deeply about that many members of congress care deeply about. but most importantly, they're things that the american people care about. with that momentum going forward, we'll try to tackle them. >> joaquin, nice to have you with us. we appreciate it. have a great afternoon and great day. let's bring in jeff toobin, who is right over here. i want to show people how close we are to the capitol. jeff, if you look up here, this is the perfect view to watch the president being sworn in. >> it really is great. one of the things you don't realize is how close they are together. it is a very ipt mat scene up there. the chief justice of the united states, as famous and powerful as he is, he's not us
is it possible to get immigration, gun control, the debt ceiling, really think about how you curb spending, et cetera, et cetera, et cetera, climate control, energy policy -- all done in that one to two-year window. >> i think that we will be able to do most, if not all of those things. and certainly attempt to do all of them. all of them are important issues. all of them are things the president cares deeply about that many members of congress care deeply about. but most importantly,...
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one, as it relates to the debt ceiling, it's not a forward-looking vehicle that authorizes the president or the congress to spend additional money. it's a backward looking vehicle that authorizes us to pate bills that we've already incurred. now, as it relates to the spending issue that we have, clearly we have to figure out a way to make sure that the programs that are important to us, both on the domestic spending side, military side, that are vital to the american people are sustainable in a fiscally responsible way. i think the american people are right to be concerned and hopefully the congress moving forward we can find common ground, both sides of the aisle, come together and do what's right to make sure that not just this generation, but our children and our grandchildren can continue to experience american prosperity. >> gretchen: that's what a lot of people are concerned about. big day for you as a freshman congressman waiting to attend your first presidential inauguration. have a wonderful day, democrat from new york thanks much. >> thank you. >> gretchen: good news for awful
one, as it relates to the debt ceiling, it's not a forward-looking vehicle that authorizes the president or the congress to spend additional money. it's a backward looking vehicle that authorizes us to pate bills that we've already incurred. now, as it relates to the spending issue that we have, clearly we have to figure out a way to make sure that the programs that are important to us, both on the domestic spending side, military side, that are vital to the american people are sustainable in a...
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>> and you're coming into it with bad feelings because the spending cuts and the debt ceiling, spending was pushed out of this big compromise that scared us with the word "cliff" that was somehow created by the media. where we stand today, the president hitting the note of we, the people, we have to work together seems to be somewhat of an effective flash point because people are there and see it nowhere more than on economic questions. so when we were asking people around the country what do you want to see? going together, almost like a couple were two ideas, one, you have to stop the left/right game. it's too much. we know that is your game but you must stop it and he seemed to respond to that. where they want to see that stop the most is on the creation of jobs. they condemn the stock market. that 'not where the country is. we're hurting and you'll see it. here's what people had to say about what they want the president to do, what he must do to succeed when it comes to the economy. ♪ >> i want to tell the president about the economy to stop spending money that we don't have. it's
>> and you're coming into it with bad feelings because the spending cuts and the debt ceiling, spending was pushed out of this big compromise that scared us with the word "cliff" that was somehow created by the media. where we stand today, the president hitting the note of we, the people, we have to work together seems to be somewhat of an effective flash point because people are there and see it nowhere more than on economic questions. so when we were asking people around the...
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they have announced to be taking a vote on the debt ceiling. so it just -- >> on wednesday. >> only gets better. >> yeah. at this point, we are in the middle of a process of governing that's going to get very hot very fast this week with the debt ceiling vote in the house and potentially a filibuster vote in the senate. the president speaking to some of those matters at least in the second inaugural. not a state of the union but had a lot of specifics in it. you are watching msnbc's live continuing coverage of president obama's second inauguration. we'll be right back. have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggres
they have announced to be taking a vote on the debt ceiling. so it just -- >> on wednesday. >> only gets better. >> yeah. at this point, we are in the middle of a process of governing that's going to get very hot very fast this week with the debt ceiling vote in the house and potentially a filibuster vote in the senate. the president speaking to some of those matters at least in the second inaugural. not a state of the union but had a lot of specifics in it. you are watching...